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Dec 31, 2012
12/12
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in an interview on nbc's meet the press president obama said the endless wrangling was not the democrat's fault. >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. >> at midday democrats suddenly declared that one element of the republican offer was a deal breaker. a proposal to change the way social security benefits are calculated that would lead to smaller checks for many. >> we're not going to have any social security cuts at this stage. that just doesn't seem appropriate. >> so republicans quickly dropped that proposal and insisted the two sides were closer than they seemed. >> so hopefully the discussions between the vice president and senator mcconnell will get us back on track. >> reporter: this evening leader reid announced there would be no vote tonight and that the senate would reconvene tomorrow morning. at this point both the house and the sflat would feed to vote on a plan tomorrow to give the president something to sign before the deadline. nancy cordes, cbs news on capitol hill. >> j
in an interview on nbc's meet the press president obama said the endless wrangling was not the democrat's fault. >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. >> at midday democrats suddenly declared that one element of the republican offer was a deal breaker. a proposal to change the way social security benefits are calculated that would lead to smaller checks for many. >> we're...
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Dec 2, 2012
12/12
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in his weekly media address today, president obama again pushed his party's tax plan. of course, utah senator orrin hatch rejected in the republican response. >> both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. >> what he proposed this week was a classic bait and switch on the american people. a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending, and an unlimited, unchecked authority tow borrow from the chinese. maybe i missed it, but i don't recall him scwg for any of that during the presidential campaign. >> jarvis: parents and school boards across the country are debating whether to offer bonuses to teachers whose student do well on standardized tests. sharyl attkisson check out how the bonus is working in the first city to try the idea >> reporter: tenth
in his weekly media address today, president obama again pushed his party's tax plan. of course, utah senator orrin hatch rejected in the republican response. >> both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board, i'll sign this bill as soon as congress send it my way. >> what...
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Dec 17, 2012
12/12
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for the fourth time in his presidency and the second time this year president obama has consoled the community hit by gun violence. there was ft. hood, there was tucson, there was aurora, and now newtown. the president arrived here late this afternoon. he met with victims' families and first responders. and tonight he attended a vigil at the newtown high school. >> newtown, you are not alone. these difficult days have unfolded. you've also inspired us, with stories of strength and resolve and sacrifice. >> jeff: the president also called for change in that speech saying are we really powerless in the face of such carnage. tomorrow the first funerals will take place. and today we learned police said that friday's massacre could be have been much, much worse. here's jim axelrod. >> reporter: newtown is a place of sober reflection and crushing emotion. all day people walk slowly to this makeshift memorial to leave flowers, light a candle, shed their tears. >> they were babies, they were innocent babies and that is what makes it almost incomprehensible. >> reporter: at st. rose of lima c
for the fourth time in his presidency and the second time this year president obama has consoled the community hit by gun violence. there was ft. hood, there was tucson, there was aurora, and now newtown. the president arrived here late this afternoon. he met with victims' families and first responders. and tonight he attended a vigil at the newtown high school. >> newtown, you are not alone. these difficult days have unfolded. you've also inspired us, with stories of strength and resolve...
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Dec 24, 2012
12/12
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even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax rate hikes even ugh ih i don't like them, to get a-- to save the country from becoming greece, tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2.5%. parts of the u.s. will get a white christm
even with congress adjourned and president obama out of town, erme lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues, including tax...
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Dec 9, 2012
12/12
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president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out of work since march she got thatjob because of a government grant that only hires those who ire unemployed. d i never would imagine it riuld take a hurricane to bring me to a county position. it was like a blessing, actually. >> reporter: with tons of debris still left to clean up from hurricane sandy, the state themployment arrest almost 9%, this program hopes to solve two problems at once-- getting all of this cleaned up, getting people back to work. the super storm leveled businesses across new york. this program is aimed at the 50,000 new yorkers who lost heir jobs, according to governor andrew cuomo. if so what this program says is if we can employ people who were ity, t
president obama is asking $6gress for $60 billion in ederal aid for states hit hard by the storm. here's john bentley. nt reporter: more than a month after hurricane sandy slammed snto long island, workers are fill digging out from the damage. >> i'm here to coordinate the workers so they successfully clean up all the debris. >> reporter: angela bosco is the manager of this program in hauppauge, new york. out of work since march she got thatjob because of a government grant that...
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Dec 9, 2012
12/12
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the level where president obama wants taxes to go up. >> i'm supposedly a risk guy. i don't think so. i think we ought to pay our share. but that could have a significant impact to the point that i may have to lay off one or two more people. >> the financial impact of the affordable health care act is also a question mark as the plan slowly phases in. >> i believe in families and support and the employeesment but again it's a big unknown. we have looked at whether it might just be beneficial to cancel insurance and pay the penalties. >> like any military man, hudson is running every scenario to stay in business. >> it's really sad, isn't it? >> and we've got to fight our own system to survive. >> an attitude shared by many small entrepreneurs as they wait and watch. >> randall pinkston, cbs news, new york. >> jeff: back overseas south africa's former president nelson mandela remains in the hospital tonight. and as mark phillips reports 9 entire country is holding its breath. >> when the much respected man seens a the saviour of his country is rushed to the hospital,
the level where president obama wants taxes to go up. >> i'm supposedly a risk guy. i don't think so. i think we ought to pay our share. but that could have a significant impact to the point that i may have to lay off one or two more people. >> the financial impact of the affordable health care act is also a question mark as the plan slowly phases in. >> i believe in families and support and the employeesment but again it's a big unknown. we have looked at whether it might...
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Dec 22, 2012
12/12
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still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many had hoped to see. here's michelle miller. >> reporter: kidding around isa a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5% but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shopper track, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth has been solid but people are still very tight with their purse strings. >> reporter: retailer analyst craig j
still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many had hoped to see. here's michelle miller. >> reporter: kidding around isa...
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. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talkes were stalled. >> well, this isn't a progress report because there's no progress to be report. >> reporter: his democratic counter-part ploals blamed boehner for the stalemate. >> what they offered in return was an empty letter lacking in specifics. >> reporter: such is the state of negotiations 23 days before the deadline when federal income tax rates will revert to higher clinton-era leveles, a 2% payroll tax cut will expire, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. o
. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one...
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Dec 12, 2012
12/12
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president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united states has a lot at stake in the syrian civil war. president obama has suggested that american firepower might be needed to prevent the dictatorship from using chemical weapons. we've learned that tomorrow the administration will endorse one of the rebel groups that is now fighting to overthrow bashar al- assad. who are these new american allies? clarissa ward found their leader in brussels. >> reporter: moaz al-khatib is the man chosen to lead a newly formed coalition of syria's opposition groups. what does it mean to be recognized by the u.s.? "the u.s. administration has big influence globally"
president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united...
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Dec 7, 2012
12/12
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oesident obama said the use of these weapons of mass bestruction would be totally unacceptable. well, tonight, david has new intelligence to report, and we have three stories on the breaking news in syria. we'll start with martin at the pentagon. >> reporter: u.s. intelligence so far has not detected any emgns syria is loading chemical weapons on to aircraft, but defense secretary panetta said it appears the embattled assad regime is preparing to do just that. >> there is no question that we remain very concerned, very thecerned that as the opposition advances, in particular on hemascus, that the regime might very well consider the use of chemical weapons. ing eporter: monitoring of syrian basis like this one has picked up evidence engineers have loaded the chemicals which combine to form the deadly nerve agent sarin, into bombs that could be dropped airplanes. satellites have seen trucks moving among want bunkers where the weapons and agents are believed to be stored. u.s. officials say the evidence is strong but circumstantial, not definitive. but that, combined with fighting
oesident obama said the use of these weapons of mass bestruction would be totally unacceptable. well, tonight, david has new intelligence to report, and we have three stories on the breaking news in syria. we'll start with martin at the pentagon. >> reporter: u.s. intelligence so far has not detected any emgns syria is loading chemical weapons on to aircraft, but defense secretary panetta said it appears the embattled assad regime is preparing to do just that. >> there is no...
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Dec 28, 2012
12/12
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president obama called general shopper an american original. schwarzkopf who command can the operation that drove iraqi forces out of kuwait in 1991 died yesterday at age 78. the cause of death was pneumonia, though david martin says he also suffered from alzheimer's in his later years. tonight a look back at an extraordinary life. >> reporter: stormin' norman schwarzkopf was a revelation, a charismatic combat commander who rose out of the ashes of his own and the country's disillusionment after vietnam. the nickname applied to both his fightin fighting and management style as he once told "60 minutes." >> i said, listen, i wear my heart squarely on my sleeve. if i don't like something, there's going to be no doubt in your mind they don't like it, and if i like something, there will be no doubt in your mind they like it. >> reporter: he routed saddam hussein's army, first with an air war for which he provided the soundtrack. >> the simple fact of the matter is now every time an iraqi airplane takes off the ground, it's running away. >> reporter
president obama called general shopper an american original. schwarzkopf who command can the operation that drove iraqi forces out of kuwait in 1991 died yesterday at age 78. the cause of death was pneumonia, though david martin says he also suffered from alzheimer's in his later years. tonight a look back at an extraordinary life. >> reporter: stormin' norman schwarzkopf was a revelation, a charismatic combat commander who rose out of the ashes of his own and the country's...
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Dec 5, 2012
12/12
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president obama dug in his heels today insisting on tax revenues for higher income earners but at a hint of compromise he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can be. and what city in america. >> raise revenues that are sufficient to balance with >> the issues is that we are going to have to raise revenues that are sufficient to balance with very you have to cuts that we've already made and we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> pelley: that, the republican house speaker said in response, will never work. the republican counter offer cuts spending and raises taxes for no one and nancy cordes has the state of play as of tonight. nancy? >> reporter: scott, a dispute erupted today ov
president obama dug in his heels today insisting on tax revenues for higher income earners but at a hint of compromise he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can...
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Dec 6, 2012
12/12
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obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me-- or do not used words like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary geithner. republicans believe this can be done through tax loopholes not raising rates on the wealthiest americans. >> pelley: we asked chip reid to vi
obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the...
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Dec 4, 2012
12/12
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obama put it. >> i want to make it absolutely clear to assad and those under his command. the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> pelley: so why did the president say it today? david martin hat the pentagon has been talking to his sources. >> reporter: this is a commercial satellite photo of a syrian chemical weapons base. u.s. monitoring of roughly two dozen bases like this indicates the assad regime has begun preparing its chemical weapons for use. orders have been issued to bring together chemical ingredients which are normally stored separately for safety, but when combined form a deadly nerve agent sarin. throughout months of heavy fighting, intelligence analysts said assad remained confident he would defeat the uprising. now the fighting has crept so close to damascus that airliners are refusing to land and syria experts say the regime may have pushed the panic button. although the syrian foreign m
obama put it. >> i want to make it absolutely clear to assad and those under his command. the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> pelley: so why did the president say it today? david martin hat the pentagon has been talking to his sources. >> reporter: this is a commercial satellite photo of a syrian...
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Dec 20, 2012
12/12
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>> reporter: scott, gun control has never been an obama administration priority. it is now, and the clock is ticking on vice president joe biden's gun violence task force. mr. obama wants to announce new initiatives before his state of the union address in late january. >> there's no law or set of laws that can prevent every senseless act of violence in our society. we're going to need to work on making access to mental health care at least as easy as access to a gun. we're going to need to look more closely at a culture that all too often glorifies guns and violence. and any actions we must take must begin inside the home and inside our hearts. >> reporter: after congresswoman gabrielle giffords and 18 others were shot in arizona and 12 were murdered in a colorado movie theater the president offered up words but little else. now words appear to be yielding to action and impatience. >> i will use all the powers of this office to helped advance efforts aimed at preventing more tragedies like this. we won't prevent them all but that can't be execute not to try. >> r
>> reporter: scott, gun control has never been an obama administration priority. it is now, and the clock is ticking on vice president joe biden's gun violence task force. mr. obama wants to announce new initiatives before his state of the union address in late january. >> there's no law or set of laws that can prevent every senseless act of violence in our society. we're going to need to work on making access to mental health care at least as easy as access to a gun. we're going to...
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Dec 13, 2012
12/12
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obama's tax increase request from $1.6 trillion to $1.4 trillion. uill unrealistic, republicans said. >> the president's call for $1.4 trillion worth of revenue. fhat cannot pass the house or or senate. w reporter: white house officials say republicans will find the president flexibility n future entitlement savings ond how income taxes must go inly if they give in on income tax rates. as much as ideology standing in the way now, is a lack of trust, that and a shared history of cutting deals with each side gives a little and survives politically. >> pelley: negotiations ley: negn. ryjor, thanks very much. we've been working today on that ootingng mall shooting in oregon last night. the police are now telling us us gunman was jacob roberts, 22 years old. 2e killed two shoppers, total strangers and then killed himself. what we don't know is why. whhn blackstone is in clackamas ounty, oregon. oregporter: 10,000 people were when tmall when the shooting began, the rush of christmas s opping became a rush to survive. bob schwab was walking nearby. what di
obama's tax increase request from $1.6 trillion to $1.4 trillion. uill unrealistic, republicans said. >> the president's call for $1.4 trillion worth of revenue. fhat cannot pass the house or or senate. w reporter: white house officials say republicans will find the president flexibility n future entitlement savings ond how income taxes must go inly if they give in on income tax rates. as much as ideology standing in the way now, is a lack of trust, that and a shared history of cutting...
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Dec 21, 2012
12/12
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president obama has proposed an $er taxes for households making more than $400,000. speaker boehner wants a tax increase only for households making a million or more. house is going to vote on that coposal tonight, and nancy cordes is on capitol hill for us. nancy. >> scott, shortly before that vote was due to take place house speaker john boehner announced he was canceling it with no democratic support, he needed almost every republican to get on board. and in the end he didn't e ve the votes. negotiations between speaker boehner and the white house ground to a halt today as everyone watched to see if he and house republican leaders would get the votes they needed to pass plan b, a bill preventing tax rates from going up for households making less than $1 million a year. majority leader eric cantor. >> we protect 99-- 99.81% of american taxpayers from a tax increase in these very whfficult economic times. >> reporter: that wasn't good fluff for some conservatives who said taxes should not go up for anybody. to placate them speaker boehner introduced a second bill cu
president obama has proposed an $er taxes for households making more than $400,000. speaker boehner wants a tax increase only for households making a million or more. house is going to vote on that coposal tonight, and nancy cordes is on capitol hill for us. nancy. >> scott, shortly before that vote was due to take place house speaker john boehner announced he was canceling it with no democratic support, he needed almost every republican to get on board. and in the end he didn't e ve the...
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Dec 18, 2012
12/12
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obama wants to raise rates on households making $250,000 or more. congressional sources say boehner has most house republicans with him. here's the catch, republicans want mr. obama to agree to one puillion in spending cuts, mostly coming from medicare and medicaid. republicans want to raise the medicare eligibility age and reduce cost of living adjustments to social security. these have been red lines for the white house but the president is considering them now aides to both leaders say the president and the speaker feel the weight of this moment id know they can help a grieving nation by ending weeks of grieving acrimony. obstacles remain. but for the first time talk of a final compromise is no longer theoretical. >> pelley: major, thank you, [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.
obama wants to raise rates on households making $250,000 or more. congressional sources say boehner has most house republicans with him. here's the catch, republicans want mr. obama to agree to one puillion in spending cuts, mostly coming from medicare and medicaid. republicans want to raise the medicare eligibility age and reduce cost of living adjustments to social security. these have been red lines for the white house but the president is considering them now aides to both leaders say the...
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Dec 17, 2012
12/12
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obama wants to raise rates on householdss making $250,000 or more. congressional sources say boehner has most house republicans with him. here's the catch, republicans want mr. obama to agree to one trillion in spending cuts, mostly coming from medicare and medicaid. republicans want to raise the medicare eligibility age and reduce cost of living adjustments to social security. these have been red lines for the white house but the president is considering them now aides to both leaders say the president and the speaker feel the weight of this moment and know they can help a grieving nation by ending weeks of grieving acrimony. obstacles remain. but for the first time talk of a final compromise is no longer theoretical. >> pelley: major, thank you, senator daniel inouye died today in washington in a hospital where he was being treated for respiratory problems. inouye represented ohio in congress since it became a state in 1959. is he was awarded the medal of honor for his heroism during world war ii. he famously served on the senate watergate committe
obama wants to raise rates on householdss making $250,000 or more. congressional sources say boehner has most house republicans with him. here's the catch, republicans want mr. obama to agree to one trillion in spending cuts, mostly coming from medicare and medicaid. republicans want to raise the medicare eligibility age and reduce cost of living adjustments to social security. these have been red lines for the white house but the president is considering them now aides to both leaders say the...
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Dec 14, 2012
12/12
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obama wants to raise taxes on the top 2% of americans, and that would include married couples earning more than $250,000. nancy cordes is at the capitol tonight. nancy? >> reporter: scott, the president and speaker boehner met at the white house this evening for about 50 minutes. we're told the conversation was frank, but before he headed to the white house, speaker boehner gave this grim assessment of the state of talks right now. >> here we are at the 11th hour, and the president still isn't serious about dealing with this issue right here. it's this issue: spending! >> reporter: white house aides say the president has proposed $600 billion worth of cuts. in an interview with cbs' minneapolis affiliate wcco, the president said no deal is possible unless speaker boehner agrees to let the low bush tax rates expire for the top 2% of u.s. households. >> the big problem right now is that republicans in the house are resistant to the idea of the wealthiest americans paying higher tax rates. >> reporter: boehner wasn't swayed. why are you holding out for a tax cut for the wealthy that most
obama wants to raise taxes on the top 2% of americans, and that would include married couples earning more than $250,000. nancy cordes is at the capitol tonight. nancy? >> reporter: scott, the president and speaker boehner met at the white house this evening for about 50 minutes. we're told the conversation was frank, but before he headed to the white house, speaker boehner gave this grim assessment of the state of talks right now. >> here we are at the 11th hour, and the president...
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Dec 1, 2012
12/12
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obama says he will not compromise. ome president made his case today at a toy factory in pennsylvania and our chief white house correspondent major garrett is at the white house for us tonight. major? >> reporter: scott, the white house does not deny opening fiscal cliff proposals ignore persistent republican demands for deeper spending cuts than the president has already proposed. that's the point. no matter how close the country comes to plunging off the fiscal cliff, topped a visors say the president will not budge until republicans acknowledge they will keep tax rates where they are for middle income families and raise them on households earning more than $250,000 a year. >> in washington nothing's easy so there's going to be prolonged negotiations. and all of us are going to have so get out of our comfort zones to make that happen. g'm willing to do that. i'm hopeful that enough members of con willing to do that as well. we can solve these problems. but where the clock is really ticking right now is on middle- cla
obama says he will not compromise. ome president made his case today at a toy factory in pennsylvania and our chief white house correspondent major garrett is at the white house for us tonight. major? >> reporter: scott, the white house does not deny opening fiscal cliff proposals ignore persistent republican demands for deeper spending cuts than the president has already proposed. that's the point. no matter how close the country comes to plunging off the fiscal cliff, topped a visors...
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Dec 26, 2012
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president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting so many middle class families, and preventing a mbg scheduled drop-off in thdicare reimbursement rates for doctors at the start of the enar. eyre in hawaii, the president has had a low-key chri
president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for...
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Dec 22, 2012
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obama said lawmakers need a break from fiscal cliff frustration-- much of it self- induced. >> we move forward together or we don't move forward at all so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> reporter: the president will follow his own advice. lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget under control. if the white house and congress can't figure it out, big across- the-board budget cuts and those tax increases we mentioned kick in automatically january 1. the so-called fiscal cliff. the republican speaker of the house tried to force through his solution last night but he couldn't keep his own party in line. nancy cordes is at the capitol. nancy? >> reporter: scott, this was an unforced error. speaker boehner did not have to bring this plan "b" bill up but he was simply trying to get more leverage in negotiations with the president. instead, the misstep left him weaker and there is genuine confusion
obama said lawmakers need a break from fiscal cliff frustration-- much of it self- induced. >> we move forward together or we don't move forward at all so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> reporter: the president will follow his own advice. lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget...
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Dec 31, 2012
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senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax cuts for 99% of americans. but they are hung up on one key spending issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his round-the-clock negotiations with vice president biden had paid off. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cuts. the two sides agreed to extend them permanently for all household income under $400,000 a year for individuals, $450,000 a year for f
senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax cuts...
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Dec 28, 2012
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plenty of name calling but little evidence there is late word of a meeting tomorrow between president obama and congressional leaders. the full senate reconvened today. the president ended his vacation in hawaii early, flying back to washington this morning. but he made no public statements. if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter: jeff, democratic aides tell cbs news that senate majority leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from l
plenty of name calling but little evidence there is late word of a meeting tomorrow between president obama and congressional leaders. the full senate reconvened today. the president ended his vacation in hawaii early, flying back to washington this morning. but he made no public statements. if there is no deal on a budget by new year's day, nearly every american will see a tax increase. we have two reports on the stalemate, beginning with nancy cordes on capitol hill. nancy. >> reporter:...
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Dec 25, 2012
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resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the president was working on with speaker boehner. than tmall package would prevent tax rates from rising for middle-class, perhaps cut some spending and tie up a few other loose ends. so far, though, senator reid has so fbeen in touch with republicans over this plan. blicans ovent and the first lady as you mentioned, are here in hawaii. th atte also attended senator inouye's funeral this weekend. this is the president's first real vacation, jeff, in about a year. real nut he's cutting it short, heading home later this week to bu heading hothe fiscal cliff as well. lor:lor: nancy, the white house
resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the...
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Dec 27, 2012
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president obama is cutting short his holiday in hawaii. he's flying back to washington tonight as the clock ticks toward the fiscal cliff. nancy cordes is with the president in honolulu. nancy? >> reporter: jim, the president is trading the sand for snowy washington. he'll be back in the nation's capital by mid-morning tomorrow, and most of the u.s. senate will be attempting to get back there by then, as well. but house leaders have not given their members the signal to return to washington and say they won't until the u.s. senate passes a bill to avert the fiscal cliff. as the president wrapped up his vacation, federal workers trickled back into the nation's capital. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion wort
president obama is cutting short his holiday in hawaii. he's flying back to washington tonight as the clock ticks toward the fiscal cliff. nancy cordes is with the president in honolulu. nancy? >> reporter: jim, the president is trading the sand for snowy washington. he'll be back in the nation's capital by mid-morning tomorrow, and most of the u.s. senate will be attempting to get back there by then, as well. but house leaders have not given their members the signal to return to...